Technical Analysis (Silver) : XAG/USD 21 October 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 21 October 2020

Pivot point : 25.6000

Our preference : short positions below 25.6000 with targets at 22.8500 & 21.6500 in extension.

Alternative scenario : above 25.6000 look for further upside with 26.7500 & 28.9000 as targets.

Comment : the RSI is mixed and calls for caution.

Supports and resistances :

28.9000 **
26.7500 *
25.6000
25.0100 – Last price
22.8500
21.6500 *
20.0000 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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